Teppo Felin
 Professor | Univ of Oxford

 Director | Oxford Diploma in
 Strategy & Innovation

 twitter @teppofelin


strategy organizations value(s)
rationality cognition 
institutions markets


Caryn Devins 
law [html]

Stuart Kauffman 
theoretical biology [html]

Jan Koenderink 
physics [html]

Joachim Krueger 
social psychology [html]

Photo taken in Copenhagen, 2010


2013 - Present
Professor of Strategy
University of Oxford

2010 - 2013
Associate Professor & 
Lee Perry Fellow
Marriott School, BYU

2005 - 2010
Assistant Professor
Marriott School, BYU

2004 - 2005
Visiting Professor
Emory University

Visiting appointments at Hanken School of Economics, Aalto University and Lund University


Academy of Management Review, Editorial Board 

Academy of Managem
ent Annals, Associate Editor 

Academy of Management Perspectives, E
ditorial Board [2016-present]

` Co-edited special issues of 
Organization Science
Managerial and Decision Economics, Research in the Sociology of Organizations, etc

` Strategic Organization
Co-Editor [2013-2016]

Journal of Management, 
 Editorial Board 


Felin T & Felin M (2020). 
Seeking rationality: $500 bills 
and perceptual obviousness. 
Handbook of Bounded Rationality.

chapters also by Cristina Bicchieri, Cass Sunstein, 
Philip Johnson-Laird, Nancy Nersessian, Paul Thagard, 
Richard Nelson, etc

Felin T, Gambardella A & 
Zenger T (2020). Value lab: 
A tool for entrepreneurial strategy. 
Management & Business Review. 

Felin T & Kauffman S (2020). The search function and evolutionary novelty. Oxford University Press. Forthcoming. [html]

eds Cattani & Mastrogiorgio - preface by Sid Winter

Felin T, Gambardella A, Stern S & Zenger T (2020). Lean startup 
and the business model: Experimentation revisited. 
Long Range Planning. [open access] 

Felin T, Felin M, Koenderink J 
& Krueger J (2019). On surprise-hacking. Perception. [open access pdf]

Felin T & Foss N (2019). Microfoundations for institutional theory? Research in the Sociology of Organizations. 

Chater N, Felin T, Funder D, Gigerenzer G, Koenderink J, Krueger J, Noble D, Nordli S, Oaksford M, Schwartz B, Stanovich K & Todd P (2018). Mind, rationality and cognition: An interdisciplinary debate. Psychonomic Bulletin & Review. [html] [pdf]

Felin T & Lakhani K (2018). What problems will you solve with blockchain? MIT Sloan Management Review. [html]

Felin T & Zenger T (2017). The theory-based view: Economic actors as theorists. Strategy Science. [html] [pdf]


Felin T, Koenderink J & Krueger J (2017). Rationality, perception, 
and the all-seeing eye. Psychonomic Bulletin & Review. [html] [pdf]

Devins C, Felin T, Kauffman S & Koppl R (2017). The law and big data. Cornell Journal of Law & Public Policy. [html]

Felin T, Lakhani K & Tushman M (2017). Firms, crowds, and innovation. Strategic Organization.  

Hallberg N & Felin T (2017). Untangling infinite regress and the origins of capability. Journal of Management Inquiry.

Felin T & Zenger T (2017). What sets breakthrough strategies apart. MIT Sloan Management Review. 

Felin T & Zenger T (2016). 
Strategy, problems and a theory for the firm. Organization Science.

Felin T, Kauffman S, Mastrogiorgio A & Mastrogiorgio M (2016). Factor markets, actors and affordances. Industrial & Corporate Change. [html]

Felin T (2016). When strategy walks out the door. MIT Sloan Management Review. [html]

Stirling W & Felin T (2016). Satisficing, preferences and social interaction: A new perspective. 
Theory & Decision. [html]

David R, Felin T, Langley A, Rowley T, Verona G. (2016). The strategic organization of strategic management scholarship. Strategic Organization.

Koppl R, Kauffman S, Felin T & Longo G (2015b). Economics for a creative world: A response to comments. Journal of Institutional Economics.

Felin T, Foss N & Ployhart R (2015). Microfoundations movement in strategy and organization theory. Academy of Management Annals.

Koppl R, Kauffman S, Felin T & Longo G (2015a). Economics for a creative world. Journal of Institutional Economics.

this paper received the 2016 Elinor Ostrom Prize [html]

Felin T (2015). Valve Corporation: Strategy tipping points and thresholds. Journal of Organization Design. [html]  

commentary on article by Phanish Puranam and Dorthe Håkonsson.[html]

Devins C, Koppl R, Kauffman S & Felin T (2015). Against design. 
Arizona State Law Journal[html]

responses to this article by:
Steven Calabresi [pdf], 
Sanford Levinson [pdf], Vernon Smith [pdf]

Felin T, Kauffman S, Koppl R & Longo G (2014). Economic opportunity and evolution: Beyond landscapes and bounded rationality. Strategic 
Entrepreneurship Journal. [html

Mark Buchanan discusses this paper in Nature Physicssee here

Felin T & Zenger T (2014). Closed or open innovation? Problem solving and the governance choice. Research Policy. [open access]

Barney J & Felin T (2013). What are microfoundations? Academy of Management Perspectives. [pdf]

Argyres N, Felin T, Foss N & Zenger T (2012). Organizational economics of capability and heterogeneity. Organization Science. [html]

Felin T (2012). Cosmologies of capability, markets and wisdom of crowds. Managerial & Decision Economics. [html]

interdisciplinary special issue with contributions from David Sumpter, Scott Page, Robb Willer, Claudio Castellano, Peter Leeson, Bruno Frey, Margit Osterloh and others. 

Felin T & Foss N (2012). The (proper) microfoundations of routines and capabilities: a response to Winter, Pentland, Hodgson and Knudsen. 
Journal of Institutional Economics. [pdf]

Felin T & Foss N (2009). Performativity of theory, arbitrary conventions, and possible worlds: a reality check. Organization Science. [pdf] [html]

Felin T & Zenger T (2009). Entrepreneurs as theorists: on the origins of collective beliefs and novel strategies. Strategic Entrepreneurship Journal. [pdf] [html

Felin T, Zenger T & Tomsik J (2009). The knowledge economy: emerging organizational forms, missing microfoundations and key considerations for managing human capital. Human Resource Management.

Abell P, Felin T & Foss N (2008). Building microfoundations for the routines, capabilities, and performance links. Managerial & Decision Economics. [pdf] [html]

Felin T & Hesterly W (2007). The knowledge-based view, nested heterogeneity, and new value creation: philosophical considerations on the locus of knowledge. Academy of Management Review. [pdf] [html]

Felin T & Foss N (2006). Individuals and organizations: thoughts on a microfoundations project for strategic management and organizational analysis. Research Methodology in Strategy and Management.

Felin T & Foss N (2005). Strategic organization: a field in search of micro-foundations. Strategic Organization. [pdf]


working on 'the future of industrial strategy' research project with Julian Allwood and U of Cambridge Engineering (£5 million EPSRC funded) [html]

Strategy: A Very Short Introduction
book under contract with Oxford 
University Press (to be published early 2021)

The fallacy of obviousness | Aeon


Aug 2019: presented at conference celebrating Stu Kauffman's work, Santa Fe Institute [html] - talk titled "Mind and Economy"

teaching online Oxford Blockchain Strategy course [html]

May 2019: London50 conference - debate about the value of ecosystems with Gary Dushnitsky

March 2019: Utah Winter Strategy Conference [html] - "state of field" panel presentation with Jay Barney and Joanne Oxley

Oct 2018: open innovation conference, UC Berkeley

Jan 2019: strategy for startups and SMEs, Strategy Insight Lab project [html] - with Arnaldo Camuffo, Alfonso Gambardella, Elena Novelli, Chiara Spina

I collect Finnish Modern Art - 
here's a piece by Carl Wargh (1968) "Seashore I" 


EconTalk podcast with Russ 
Roberts (Hoover, Stanford Univ): Blindness, rationality, and
perception [html]


June 2018: Strategy Science 
conference at Wharton, UPenn [html] - panel with Arnaldo Camuffo, Alfonso Gambardella, Todd Zenger and Scott Stern

BBC interview related to big data, artificial intelligence and the fallacy of obviousness [html]


a few items from the past: PLOS ONE piece [html] and special issue with fantastic contributors [html]

April 2018: Big Data symposium [html]

interview with Geoff Mulgan at the Oxford Literary Festival: book Big Mind (Princeton U Press) [html]

"Creating a hive mind" - short blurb about some research, by Rob Brown [html]

speaking at Edith Penrose book launch in Oxford, 16 Nov 2017 [html]

Sept 2017 Strategy Science conference at Apple, Cupertino, CA: origins of great strategy [html]

Sept 2017 plenary with Nick Chater and Adam Oliver: behavioral science and public policy [html]

90 mile Oxford-Cambridge charity bike ride, British Heart Foundation [donate here]


come join our DPhil (PhD) program here in Oxford next year [pdf brochure]


Felin T & Powell T (2016). 
Designing organizations for 
dynamic capabilities. California Management Review. [html]

Devins C, Koppl R, Kauffman S & Felin T (2016). Still against design: A response to Steven Calabresi, Sanford Levinson and Vernon Smith. Arizona State Law Journal. [pdf]

Felin T (2015). A forum on minds and institutions. Journal of Institutional Economics. [html] 

intro to forum with papers by Cass Sunstein & Reid Hastie and Giovanni Dosi & Luigi Marengo

Abell P, Felin T & Foss N (2014). Microfoundations of Social Theory: A Response to Jepperson and Meyer. Sociologica. [html]

Stirling W & Felin T (2013). Game theory, conditional preferences and social influence. PLoS ONE. [html]


Felin T & Knudsen T (2012). A theory of nascent entrepreneurship and organization. Managerial & Decision Economics. [pdf] [html

Felin T, Foss N, Heimeriks K & Madsen T (2012). Microfoundations of routines and capabilities: individuals, processes and structures. Journal of Management Studies.

Stirling W, Giraud-Carrier C & Felin T (2012). A framework for the design and synthesis of coordinated social systems. 
Social Informatics.

Felin T & Foss N (2011). The endogenous origins of experience, routines and organizational capabilities: the poverty of stimulus. Journal of Institutional Economics. [pdf] [html]

Felin T & Zenger T (2011). Information aggregation, matching, and radical market-hierarchy hybrids. Strategic Organization.
[pdf] [html]

Zenger T, Felin T & Bigelow L (2011). Theories of the firm-market boundary. Academy of Management Annals. [html] [pdf]

Abell P, Felin T & Foss N (2010). Causal and constitutive relations and the squaring of coleman's diagram: reply to Vromen Erkenntnis. [html] [pdf]

Felin T & Foss N (2009). 
Social reality, the boundaries of self-fulfilling prophecy, and economics. Organization Science. [pdf] [html]

response by Ferraro, Pfeffer & Sutton. How and why theories matter: a comment on Felin and Foss [see here]; editor introduction [see here]

Felin T & Foss N (2009). Organizational routines and capabilities: Historical drift and a course-correction toward microfoundations. Scandinavian Journal of Management. [html]

King B, Felin T & Whetten D (2009). Comparative organizational analysis. Research in the Sociology of Organizations. [pdf]

review of volume by P Foreman in Administrative Science Quarterly (2010)

Felin T & Spender JC (2009). An exchange of ideas about knowledge governance: seeking first principles & microfoundations. In Knowledge Governance, edited by Foss et al. Oxford University Press.

King B, Felin T & Whetten D (2010). Finding the organization
 in organization theory: a meta-theory of the organization as social actor. Organization Science. [pdf] [html

Whetten D, Felin T & King B (2009). Theory-borrowing in organizational studies. Journal of Management. [pdf] [scribd]